September 2016
Price Situation in the Cordillera
Consumer Price Index (CPI)
The Consumer Price Index (CPI) is the general measure of the change in the average
retail prices of a market basket or collection of goods and services commonly
purchased by the average Filipino household.
The Consumer Price Index of CAR in September 2016 was at 142.3 index points. This
is higher by 2.1 index points as compared to the 140.2 index points of the same month
in year 2015.
In general, the CPI increased, reflecting the rise in the average prices of goods and
services in all the CAR provinces.
Table 1. Consumer Price Index by Province, CAR:
September 2015 and September 2016
(2006=100)
Province
September
Index Point
Change
2015
2016
CAR
140.2
142.3
2.1
Abra
131.3
134.9
3.6
Apayao
130.5
131.2
0.7
Benguet
142.9
143.7
0.8
Ifugao
142.7
147.9
5.2
Kalinga
134.6
138.0
3.4
Mountain Province
148.0
151.9
3.9
Source: Philippine Statistics Authority
Among the provinces in the region, Mountain Province posted the highest CPI for
September 2016 at 151.9 index points, followed by the province of Ifugao at 147.9
index points and province of Benguet at 143.7 index points, while the province of
Apayao had the lowest CPI at 131.2 index points.
PHILIPPINE STATISTICS AUTHORITY - CORDILLERA ADMINISTRATIVE REGION
Volume XVI No. IX
CPI SPECIAL RELEASE
page 2
September 2016 Price Situation in the Cordillera
In terms of index point change, the province of Ifugao had the highest, which
increased by 5.2 index points; while Apayao and Benguet province had the lowest,
with 0.7 and 0.8 index points, respectively.
CPI by Commodity Groups
Among the commodity groups, Alcoholic Beverages and Tobacco recorded the
highest CPI in the region at 202.8 index points. The province of Apayao incurred
the highest among the CAR provinces at 220.2 index points, followed by Abra and
Kalinga at 213.3 and 209.6 index points, respectively.
Education came next at 161.8 index points. Among the CAR provinces, Mountain
Province incurred the highest index points of 233.9 for the month of September
2016.
Food and Non-Alcoholic Beverages were at 156.5 index points. The province of
Benguet experienced the highest at 162.7 index points, followed by Mountain
Province at 160.7 index points.
Communication had the lowest CPI among the commodity groups in the region
with 83.2 index points. Abra incurred the highest index at 111.4 index points; while
Apayao had the lowest at 77.9 index points.
Among the CAR provinces, Apayao consistently had the lowest CPI for all items
with 131.2 index points.
Table 2.Consumer Price Index by Commodity Group and by Province,
CAR: September 2016
(2006=100)
Province
CAR
Abra
Apayao
Benguet
Ifugao
Kalinga
Mt.
Province
142.3
134.9
131.2
143.7
147.9
138.0
151.9
156.5
144.6
148.4
162.7
155.0
148.2
160.7
202.8
213.3
220.2
205.1
178.5
209.6
180.3
132.6
149.9
117.9
127.5
147.9
122.8
144.0
130.6
113.8
100.6
140.4
142.1
110.6
131.5
129.6
124.3
114.8
133.5
117.9
137.1
134.7
131.6
123.5
110.9
137.7
115.1
126.8
135.7
129.7
147.6
114.3
127.7
130.8
144.0
122.1
83.2
111.4
77.9
79.8
101.0
78.9
87.4
108.6
110.0
116.9
105.5
106.6
114.9
113.2
161.8
152.4
142.2
147.3
173.2
166.6
233.9
129.9
119.8
133.1
125.3
150.3
132.9
150.4
Source: Philippine Statistics Authority
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September 2016 Price Situation in the Cordillera
Year-on-Year CPI by Commodity Group
By index point change, Alcoholic Beverages and Tobacco recorded the highest
increase, growing up by 14.7 points. Increases were also incurred for Clothing and
Footwear (3.6 points), Restaurant, Miscellaneous Goods and Services (2.8 points)
and Food and Non-alcoholic Beverages (2.8 points).
The rest of the commodity groups reported a minimal annual increase in their
index points.
Note:
1
includes Electricity, Gas & Other Fuels
2
includes Household Equipment and Routine Maintenance of the House
3
includes Miscellaneous Goods and Services
Source: Philippine Statistics Authority
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: September 2015 and September 2016
(2006=100)
140.2
153.7
188.1
129.0
130.0
127.6
129.5
129.6
83.0
107.5
159.9
127.1
142.3
156.5
202.8
132.6
130.6
129.6
131.6
129.7
83.2
108.6
161.8
129.9
0.0 50.0 100.0 150.0 200.0 250.0
All Items
Food & Non-Alcoholic Beverages
Alcoholic Beverages & Tobacco
Clothing & Footwear
Housing, Water1
Furnishings2
Health
Transport
Communication
Recreation and Culture
Education
Restaurant3
September, 2016 September, 2015
14.7
0.2
1.1
1.9
2.8
2.1
3.6
0.6
2.1
3
2.8
2.0
0.1
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September 2016 Price Situation in the Cordillera
Inflation Rate
For September 2016, prices of goods and services in CAR increased by 1.5
percent.
Ifugao posted the highest inflation rate at 3.6 percent, followed by Abra at 2.7
percent, Mountain Province at 2.6 percent, and Kalinga at 2.5 percent.
Compared to September 2015, price rates increased in all the provinces except
for Mountain Province.
Source: Philippine Statistics Authority
By Commodity Group, Month-on-Month
By commodity group, the month-on-month inflation rate of the Food and Non-
Alcoholic Beverages had the highest increase of 1.1 percentage point as it is
reflected by 1.8 percent for the month of September, and as compared to 0.7
percent of the previous month. It is followed by House, Electricity, Gas and Other
Fuels with 0.6 percent increase as shown by negative 0.1 percent for the month of
August, and 0.5 for the month of September 2016.
The general price level on the Alcoholic Beverages & Tobacco and Recreation
and Culture decreased by 0.1 percentage point from the month of August to
September 2016 with inflation rate of 7.9 to 7.8, and 1.1 to 1.0 percent,
respectively.
The inflation rates of Clothing and Footwear, Health, Communication and
Education remained constant at 2.8, 1.6, 0.2, and 1.2 percent, respectively.
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
September 2015 and September 2016
(2006=100)
0.6
0.2 0.2 0.2
0.6 0.6
4.5
1.5
2.7
0.5
0.6
3.6
2.5
2.6
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
September, 2015 September, 2016
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September 2016 Price Situation in the Cordillera
Table 3. Month-on-Month Inflation Rates by Commodity Groups, CAR:
August and September 2016 (2006 = 100)
Source: Philippine Statistics Authority
By Food Items, Year-on-Year
For the year-on-year inflation rates of selected food items for the month of
September, Corn, Fish and Vegetables persisted to have the highest inflation
rates with 7.3, 6.1 and 5.2 percent respectively while Food Products N.E.C, Fruits,
Other Cereals and Meat had the negative inflation rates of 6.3, 3.6, 0.3 and 0.1
percent in that order.
Comparing the year-on-year inflation rates of selected food items for the month of
September to the month of August, Vegetables are higher by 7.7 percent as it is
reflected by negative 2.5 (August) and 5.2 (September) inflation rates. Meanwhile,
Corn is lower by 2.8 percent for the month of September with 7.3 percent
comparing to the 10.3 percent during the month of August.
Bread & Cereals and Sugar, Jam, Honey, Chocolate & Confectionery year-on-
year inflation rates for the month of September and October remained constant at
2.0 percent and 3.5 percent, respectively.
Table 4. Year-on-Year Inflation Rates of Selected Food Items, CAR:
August and September 2015 and 2016
(2006 = 100)
Commodity Group
Inflation Rates
August
2016
September
2016
Index Point
Change
All Items
0.9
1.5
0.6
Food and Non-Alcoholic Beverages
0.7
1.8
1.1
Alcoholic Beverages & Tobacco
7.9
7.8
(0.1)
Clothing and Footwear
2.8
2.8
0
Housing, Water, Electricity, Gas and Other Fuels
(0.1)
0.5
0.6
Furnishing, Household Equipment
& Routine Maintenance of the House
1.5
1.6
0.1
Health
1.6
1.6
0
Transport
(0.2)
0.1
0.3
Communication
0.2
0.2
0
Recreation and Culture
1.1
1.0
(0.1)
Education
1.2
1.2
0
Restaurants and Miscellaneous Goods and Services
2.1
2.2
0.1
Food Items
2015
2016
Inflation Rates 2015-2016
August
September
August
September
August
September
Bread and Cereals
151.1
151.2
154.1
154.2
2.0
2.0
Rice
146.9
146.9
150.6
150.7
2.5
2.6
Corn
157.7
159.2
173.6
170.8
10.1
7.3
Other Cereals*
165.6
165.7
165.2
165.2
(0.2)
(0.3)
Meat
133.1
133.4
133.2
133.2
0.1
(0.1)
Fish
165.4
165.2
171.7
175.3
3.8
6.1
Milk, Cheese and Eggs
134.5
134.5
137.9
138.2
2.5
2.8
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September 2016 Price Situation in the Cordillera
*Includes flour, cereal preparation, bread, pasta and other bakery products
Source: Philippine Statistics Authority
Purchasing Power of the Peso (PPP)
The value of peso in the region for September 2016 was at 70 centavos, which is
lower by 1 centavo compared to 71 centavos in September 2015. This means that
the market value of goods and services worth 70 centavos in September 2006
were bought at one peso as of September 2016.
The PPP of all the provinces generally declined as of September 2016 as
compared to September 2015, except for Benguet which remained constant at 70
centavos.
The province of Apayao has the highest peso value at 76 centavos, followed by
the province of Abra at 74 centavos and the province of Kalinga at 72 centavos.
Meanwhile, Mountain Province had the lowest peso value at 66 centavos.
Source: Philippine Statistics Authority
Oils and Fats
179.4
179.6
181.1
181.3
0.9
0.9
Fruits
195.9
199.0
190.1
191.8
(3.0)
(3.6)
Vegetables
178.1
179.3
173.7
188.7
(2.5)
5.2
Sugar, Jam, Honey,
Chocolate &
Confectionery
134.0
134.2
138.7
138.9
3.5
3.5
Food Products, N.E.C.
176.3
175.8
166.6
164.8
(5.5)
(6.3)
Figure 3. Purchasing Power of the Peso by Province,
CAR: September 2015 and September 2016
(2006=100)
0.71
0.76
0.77
0.70 0.70
0.74
0.68
0.70
0.74
0.76
0.70
0.68
0.72
0.66
0.60
0.62
0.64
0.66
0.68
0.70
0.72
0.74
0.76
0.78
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
September, 2015 September, 2016
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September 2016 Price Situation in the Cordillera
For more information, please contact:
Mail : PSA-CAR, Regional Office
141 CTLL Bldg. Abanao Extension, Baguio City
Tel. Nos. : (074) 442-7449
Telefax No.: (074) 443-7763
Email : socd_psacar@yahoo.com
psacordillera@yahoo.com.ph
Website : psacordillera.esy.es
Technical Notes
Consumer Price Index (CPI) is a general measure of the change in the average retail prices of a market basket
or collection of goods and services commonly purchased by the average Filipino household.
Inflation Rate (IR) is the rate of change in the average price level between two periods (year-on-year/month-on-
month as measured by the CPI).
Purchasing Power of the Peso (PPP)
measures how much the peso in the reference year is worth in another
year.
Base Year (BY) is the reference point of the index number series, at which the index number is set to zero.
Market Basket (MB)
is a sample of goods and services used to represent all goods and services produced or
bought.
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September 2016 Price Situation in the Cordillera